Find the following. (Use the True Annual Interest Rate (APR) table. Round your answers to the nearest cent.) Finance No. of Amount Financed Payments Left Charge Payments $2600 $201 6 12 (a) the refund using the rule of 78 $ (b) the refund using the formula (c) the payoff using the rule of 78 $ (d) the payoff using the formula
Find the following. (Use the True Annual Interest Rate (APR) table. Round your answers to the nearest cent.) Finance No. of Amount Financed Payments Left Charge Payments $2600 $201 6 12 (a) the refund using the rule of 78 $ (b) the refund using the formula (c) the payoff using the rule of 78 $ (d) the payoff using the formula
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 16E: Mortgage What is the monthly payment on a 30-year mortgage of $80,000 at 9% interest? What is the...
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